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Four Ways of Using Cluster Analysis in Retail Management to Improve Sales

Logistics Viewpoints

For companies that want to go beyond the traditional spreadsheet, which cannot handle this ocean of information efficiently, statistical methods such as cluster analysis can help. What is Cluster Analysis? Cluster analysis is a statistical umbrella term for methods that classify data points according to their attributes.

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The Power of Telematics Combined With Route Optimization

WorkWave

Every minute saved, every optimized route and every streamlined process can make a significant difference in meeting customer expectations and staying ahead of the competition. This visibility enables companies to optimize routes on the fly, respond quickly to changing conditions and ensure timely deliveries. What Is Telematics?

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Ditching the data dump: How to optimize reporting processes

SYSPRO Smarter ERP

Pulling data takes time and then you must format it for analysis and check for errors. Analysis is limited. this causes delays that reduce the time available for analysis. Easily produce period-on-period analysis reports (e.g., It is slow. Stale data. You will need to go back to the data source and start again.

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What Is Transportation Optimization and What Does It Have to Do With Managed Transportation

GlobalTranz

Additional opportunities can be reached through transportation optimization whether using a 3PL or 4PL. It's important to understand how transportation optimization can work well with managed transportation service providers to attain that goal. Defining Transportation Optimization.

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6 Inventory Control Techniques for Stock Optimization

EazyStock

Inventory Control Techniques that use Stock Optimization Best Practices. There are hundreds of inventory control blog posts on how to organize warehouses, track goods and pick and pack efficiently. What is stock optimization? 6 Inventory Control Techniques to Optimize Stock Levels. Understand your demand.

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Using ABC Analysis in Inventory Management

EazyStock

What is ABC Analysis? ABC inventory analysis is a method used to classify a business’s stock items into three categories – A, B and C, based on their value to the business. In this blog post we’ll delve deeper into the intricacies of ABC analysis and how it can help businesses improve their inventory management practices.

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Near-real-time data-driven route optimization best practices

FreightWaves SONAR

One of the most significant challenges facing logistics managers is route optimization. Proper access and application of real-time data change, such as the ticker comparison above, showing how initial savings in intermodal start compare to rejections over the last three months, can provide insight for optimization.